Common use of Current Commitments Clause in Contracts

Current Commitments. Schedule 6.14 sets forth as of the Execution Date all authorities for expenditures in excess of $200,000 (“AFE’s”) (net to the interest of Seller) relating to the Oil and Gas Properties to drill or rework Xxxxx or for other capital expenditures pursuant to any of the Material Contracts or any applicable operating agreement for which all of the activities anticipated in such AFE’s or commitments have not been completed as of the Execution Date.

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (EP Energy LLC), Purchase and Sale Agreement (Atlas Resource Partners, L.P.)

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Current Commitments. Schedule 6.14 6.12 sets forth as of the Execution Date date of this Agreement all authorities for expenditures in excess of $200,000 150,000 (“AFE’s”) (net to the interest of Seller) relating to the Oil and Gas Properties to drill or rework Xxxxx or for other capital expenditures pursuant to any of the Material Contracts or any applicable operating agreement for which all of the activities anticipated in such AFE’s or commitments have not been completed as of the Execution Datedate of this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Crimson Exploration Inc.)

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Current Commitments. Schedule 6.14 6.13 sets forth as of the Execution Date all authorities for expenditures in excess of $200,000 50,000 (“AFE’s”) (net to the interest of Seller) relating to the Oil and Gas Properties to drill or rework Xxxxx or for other capital expenditures pursuant to any of the Material Contracts or any applicable operating agreement for which all of the activities anticipated in such AFE’s or commitments have not been completed as of the Execution Date.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Petroquest Energy Inc)

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